Accounting paper writing help

Economics and Finance

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WHAT IS ACCOUNTING?

Accounting essay writing requires a lot of knowledge on the subject, which basically includes such aspects, as record keeping, preparation of reporting, formation policies, control, analysis of reported data, etc. The object of record keeping is organization of a process of bookkeeping that will result in summarized information about facts of business activity, grouped according to economic character on accounts of book records or accounting business plan. Objects here can also include bookkeeping information, financial statements, documentation, inventory data concerning economic activities and events, cycles of organization's functioning, and various rates of economic activity. Bookkeeping process, directed at obtainment of information regarding a condition of assets and sources of their formation, accomplishes an informational function of record keeping, the final product of which is a register of analytical and synthetic data, statement of financial position, and recording. So, students-accountants will definitely need accounting homework help one day taking into consideration the above-mentioned facts. The aim of this subject is an analysis of current business situation, taking context-based decisions, organization and control of their fulfilment. In case you apply for position of an accountant and badly need an accounting CV, our Pro-Papers.com crew of highly qualified writers will complete the best paper you ever had.

A considerable support may lie in awareness on content of object and subject matter of record keeping that define its method. Its method represents the way of comprehensive study of legitimacy, authenticity and practicability of implementation of business activity facts based on usage of bookkeeping and diverse non-bookkeeping information in combination with research of a real situation concerning objects (audit, internal controls) together with legal and economic analysis of their content. Today, such facts can be reflected in a well-written accounting article.

Elements of bookkeeping method are various kinds of documents (financial, cash and settlement, primary accountable, statistical reporting, organizational-administrative) - accountants' products of labor including basic markers that show a feasibility of enterprise and prospects of its further existence. The above-mentioned elements can find its reflection and development in various accounting research articles. Record keeping at enterprise is the most important branch when forming economic policy, business instrument, one of the main mechanisms of control over production and off-load; it causes rationalization of production organization, operative and long-term planning, projection and analysis of enterprise business activity. It is always worthy to remember these facts and use them as some basic elements for your future accounting term paper. There are various techniques how to remember certain information better, and you can also find such information in our blog.

GAPP: MAIN PRINCIPLES OF BOOKKEEPING IN THE USA

Business accounting assignment writing supposes the knowledge of standards that are called Generally Accepted Accounting Principles (GAPP) in the USA. In comparison with other standards, GAPP is notable for the biggest severity in terms of observation of investors' interests. One can use the given principles when working on accounting case study.

The main list of principles according to GAPP, introduced by International Federation of Accountants (IFAC) and existing under International Acc. Standards (IAS), looks like the following:

Dual-Aspect Concept.
Amount of company's funds is always equal to amount of its liability and assets. Equality "assets = liabilities + funds" is called bookkeeping equation, which needs to be observed all the time.
You may discuss this dual-aspect concept in your dissertation. Accounting is the sphere where numbers run the show.

Money-Measurement Concept.
Balance sheets include not only those data that can have monetary value; consequently, bookkeeping represents a partial balance sheet regarding the condition of enterprise and not always it contains the most important information concerning a company's state of affairs. The given concept can become a solid basis for academic paper task. In case you need accounting assignment help, you are free to address to your scientific supervisor.

Entity Concept.
According to GAPP and IAS, the company accounts should be separated from accounts of its owners or employees.

Going-Concern Concept.
Going-Concern Concept of IAS is based on the fact that enterprise will continue functioning during indefinite time if only there are no facts confirming the contrary. In this regard, record keeping does not contain information regarding realizable value of enterprise facilities in case of its termination.
When going-concern concept is the main topic of your paper, it is likely that you will need cost accounting homework help. In this case, you may consider consulting with professional writers as an alternative.

Cost Concept.
In conformity with cost concept of IAS, bookkeeping handles self-cost of facilities but not their market value. That is why it does not possess information about real (market) value of enterprise facilities at the given moment and does not give possibility to define a common value of enterprise.

Conservatism Concept.
In accordance with conservatism concept, revenue represents the company's growth of capital, and record keeping does not record this growth until operation turns out to be quite a definite event (for example, product delivery). Similar arguments belong to capital decumulation as well.

Materiality Concept.
According to materiality concept of IAS, bookkeeping should not consider inconsequential operations. If you need help with term paper, where the topic is materiality concept, our company will gladly cover your back.

Realization Concept.
According to realization concept of IAS, revenues are recorded in bookkeeping records of the company when its product is delivered to consumers, and services - at the moment of their provision for clients.

Matching Concept.
According to matching concept of IAS, expenses for income taxes, indicated in a profit statement, should be equal to tax rate calculated on the basis of bookkeeping revenue but not on the basis of taxable profit.

Accrual Principle.
The given principle means the following:

recording not only transactioоns, which are connected with money, but also exchange of commodities, credit sales, exchange of assets and liabilities, etc.;

all operations that have potential money terms are recorded.

Revenue Recognition Principles.
According to international standards of financial reporting, the company should recognize revenue at the moment when all following conditions are met:

the company has delivered all services or the most part of it to a client/clients;

the company has born all costs or a considerable part of it to deliver these services;

the company has received from the client financial resources, obligations to pay or any other assets for which:

it is possible to define its cost exactly;

it is possible to be sure that all liabilities, provided by the client to this company, will be performed by the latter.

Having learnt all above-mentioned information, one can be sure that it may serve as accounting coursework help. Coursework is of the significant importance as GPA heavily depends on the grades received for its completion. Therefore, we do recommend to pay the most attention to writing your coursework; otherwise, you may get in trouble.

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